So this problem
can be solve using the formula:
F = P(1+i)^t
Where F is the
balance account after t years
P is money
deposited
i is the
fraction interest rate
F = 3500 (1+0.35)^t
<span>F = 3500 (1.35)^t
is the function equation represents the balance of the account after t years</span>
Answer:
In 4 years, you will have $2,635.38
Step-by-step explanation:
The formula for annual compound interest, including principal sum, is:
A = P (1 + r/n) ^ (nt)
Where:
A = the future value of the investment/loan, including interest
P = the principal investment amount (the initial deposit or loan amount)
r = the annual interest rate (decimal)
n = the number of times that interest is compounded per year
t = the number of years the money is invested or borrowed for
Note that this formula gives you the future value of an investment or loan, which is compound interest plus the principal. Should you wish to calculate the compound interest only, you need this:
Total compounded interest = P (1 + r/n) ^ (nt) - P
Answer:
0.333333 repeating
Step-by-step explanation:
Answer:
Do u have a picture of it
Step-by-step explanation:
